Embraer, CDB Leasing and China Southern sign E190 agreement

Embraer, CDB Leasing Co Ltd (CLC) and China Southern Airlines Co Ltd signed (12-Apr-2011) a tripartite agreement, confirming the purchase of a second tranche of 10 E190s as a follow-on order to an agreement concluded earlier this year when 10 E190s were ordered. In addition, an LOI was signed for a third group of 10 E190s, which, if confirmed, will bring the total CLC order to 30 aircraft, which translates into a list price total of USD1.25 billion. All 30 E190s ordered by CLC will be operated by China Southern, which will start receiving the E190s during 2H2011. [more]